37 D Court Street Provincetown, MA 02657
MULTI_FAMILY - Provincetown, MA
Property Features for 37 D Court Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
- Parking
- 3
- Exterior features
- Private Yard
- Appliances
- Water Heater
- Standard status
- Active
- APN
- 7-4-41-0
- Size
- 1,362 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6829
Utilities
- Sewer type
- Public Sewer
- Heating system
- Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1880
- Floors in Building
- 1
- Building materials
- Clapboard, Shingle Siding
- Roof type
- Asphalt
Listing agent Iskren ''Isi'' Georgiev License #9539169 (774) 212-5532
Listing office Gibson Sotheby's International Realty 168 Commercial St, Brewster, MA (508) 487-2430
Listing date May 31, 2025
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The home is presented as a development and renovation opportunity, with the possibility of conveying with architectural drawings for a fully reimagined over 2,000-square-foot three-family residence. Betterment has been paid in full, which may help simplify next steps for qualified buyers planning improvements or redevelopment.
Whether you’re looking to pursue a multi-unit project or convert the property to a single-family home, the current configuration provides flexible living and layout options across the two levels.
Key Highlights
- Antique 3‑family residence built in 1880 on a level lot with private yard.
- Total size 1,362 SF: two studio apartments on the first floor and a 1‑bedroom unit on the second floor with attic and bonus room.
- First‑time offering in over 50 years (per public remarks).
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.9k | $33.00 |
| − Vacancy | −$1.6k | −$1.16 |
| EGI | $43.4k | $31.85 |
| − OpEx | −$13.0k | −$9.55 |
| NOI | $30.4k | $22.29 |
